Devyani International's Q2 loss narrows sharply on strong same-store sales

SENSEX 75,227.83

+ 768.30

NIFTY 23,272.40

+ 219.30

CRUDEOIL 9,559.00

 -378.00

GOLD 138,760.00

+ 275.00

SILVER 182,325.00

+ 3,193.00

SENSEX 75,227.83

+ 768.30

NIFTY 23,272.40

+ 219.30

NIFTY 23,272.40

+ 219.30

CRUDEOIL 9,559.00

 -378.00

CRUDEOIL 9,559.00

 -378.00

GOLD 138,760.00

+ 275.00

'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth(); THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

The company said ‌its consolidated net loss narrowed to $25,301.78

By Reuters

Updated - November 02, 2026 at 01:25 PM.

Devyani International, the operator of KFC and Pizza Hut in India, said ​on Monday its second-quarter loss narrowed sharply, as ‌strong same-store sales growth at KFC outlets ​offset higher raw material costs, sending ⁠its shares up as much as 5.8 per cent.

The company, a franchisee of US-based Yum Brands, said ‌its consolidated net loss narrowed to 2.4 million rupees ($25,301.78), compared with a ‌loss of 218.9 million rupees ‌a year ⁠ago.

• Quick-service ⁠restaurant chains in India have increased discounts and value meals to attract cost-conscious consumers as competition intensifies from ​newer local entrants.
• Restaurants have also faced higher input costs, from raw materials to energy, since the start of the conflict in the Middle ‌East, while pressure from local rivals ​has pushed them to offer promotions to price-sensitive customers.
• Same-store sales at ⁠its KFC outlets rose 4.4 per cent, marking the third straight quarter of growth.
• Consolidated gross ‌margin declined by 60 basis points sequentially but rose by 70 basis points from a year earlier to 68.5 per cent.
• Devyani's revenue rose 10.4 per cent to 15.19 billion rupees in the quarter, while expenses rose 8.3 per cent.
• "With food ‌inflation firming and interest rates beginning to rise, we ​expect discretionary spending to stay under pressure," Chairman Ravi Jaipuria said in ⁠a statement.
• The company said it was ⁠on track to meet its full-year forecast of 200-220 net new additions.
• Shares ‌were trading 4.3 per cent higher at 125.6 rupees as of 12:11 p.m. IST.

Published on November 2, 2026

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.Sign into Unlock benefits!

• Access 10 free stories per month
• Get notified by email for early preview to new features, discounts & offers